Report: Obama considers CEOs for Cabinet

12/19/12 7:04 AM EST

At least two members of President Obama's jobs council have been under consideration for Cabinet posts, Bloomberg reports:

White House officials have approached American Express Co. (AXP) Chief Executive Officer Kenneth Chenault about joining President Barack Obama’s second-term administration, possibly as Treasury secretary, according to two people familiar with the matter.

...Other potential roles for Chenault, a longtime Obama supporter, may be as Commerce secretary or as a senior adviser to the president, according to the people, who asked for anonymity to discuss internal administration deliberations. White House officials have also considered Xerox Corp. (XRX) CEO Ursula Burns as a potential nominee for the Commerce Department job, both of the people said.

The name most often mentioned for Treasury has been Obama's current chief of staff, Jack Lew. As Bloomberg notes, he is still the leading contender. But that still leaves Commerce, which hasn't had an official secretary since John Bryson resigned after a car accicent in June.